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Higher Education Higher education is invaluable education Secondary education is compulsory in most countries, whereas higher education is not. Given the cost of higher education many people stop studying at the secondary level; little realizing that higher education is invaluable education. Cost of education differs from country to country. So does the difference in incomes between graduates and higher secondary students. Hence it is difficult to do a cost-benefit analysis for higher education that is universally applicable. But there can be no doubt that the expenses towards higher education would be easily paid back from the higher incomes. The higher incomes bring in direct benefits. They result in more savings and a better quality of life, including better health and more enjoyable leisure, and greater opportunities for the children. Hence in money terms alone the higher education provided in colleges and universities is invaluable education. The value of higher education extends far beyond monetary gains. No matter what field one specializes in, college education broadens one outlook tremendously. Those who have graduated generally are more culturally aware and more tolerant of racial differences. These qualities are crucial for success in today's multi-cultural work environment. College and university campuses simulate the real world in their heterogeneous racial membership. Mature interaction in such an environment inculcates good interpersonal skills. All this leads to an invaluable education. The prestige associated with a college degree is an added bonus. Likewise there are both monetary and non-monetary benefits to society as well. Direct monetary benefits include higher tax collections accruing from higher incomes. An indirect benefit is the economic growth due to increased consumption possible because of higher incomes. Better-educated people are likely to contribute more to society both at work and in their personal capacities. Since they have a broader outlook, they would support long ranging national and international issues rather than concentrating on the immediate family and immediate future. Higher education proves to be invaluable education in this respect as well. Higher Education The Wheels of a Nation's economy Higher education is also known as Post-secondary or Tertiary education. It follows the secondary education provided in a school. It comprises the undergratuate, the post graduate and the vocational education. Whereas secondary education is compulsory, higher education is not. Higher education is of two types. Higher general education is provided in universities and colleges and aims to foster theoretical understanding and expertise. At the highest level higher general education is involved with research with the objective to expand the realm of knowledge. Bachelor's, Master's and Doctorate degrees are offered at various levels of higher general education. Professional education in fields like law and medicine are also included in higher general education. Higher vocational education focuses more on the teaching of practical skills, keeping the theoretical knowledge to the minimum required to master the practical skills. Such education is offered by trade schools. These trade schools, also known as vocational universities, grant professional degrees in a variety of subjects in Applied Sciences and Applied Arts. An example in the Applied Science area is maintenance of refrigeration systems and that in the Applied Arts field is restoration of old paintings. Higher education is important because it increases the earning capacity of the individual. People having higher education on an average earn more and work in more fulfilling jobs or professions than people who do not have access to higher education. An indicator of a country's well being is the proportion of people possessing higher education degrees. In developed countries this proportion is over 50%. Higher education is beneficial to society at large as well. It is a source for a pool of experts in various fields, who collectively drive the national economy to greater heights and at the same time make significant social contributions. It is no wonder that developed countries pay special attention to funding and developing higher education.